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of <h1>Principal can claim input tax credit for goods sent to job-worker, with one- and three-year deemed-supply rules</h1> A principal is entitled, subject to prescribed conditions, to claim input tax credit on inputs and on capital goods sent to a job-worker for job-work, including when sent directly to the job-worker without first being brought to the principal's place of business. If inputs are not returned or supplied from the job-worker's premises within one year (counted from receipt if sent directly), they are deemed supplied by the principal on the date sent; similarly capital goods not returned within three years are deemed supplied. The one- and three-year deemed-supply rules do not apply to moulds, dies, jigs, fixtures or tools.
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